Kelani Cables holds dealer convention for Enameled Wire dealers

Kelani Cables PLC held its annual dealer convention for Kelani Enameled Wire dealers. The event headed by Kelani Cables PLC Director/CEO Mahinda Saranapala, was held at Taj Samudra Hotel. One hundred and forty dealers from all over the island, who have performed exceptionally well, participated in the event.

In parched Sri Lanka, biggest shortage is water policy: experts

Thomson Reuters Foundation: In this village in Southern Sri Lanka’s Hambantota district, water sales are big business.

Allianz Insurance Lanka excels at South Asian Partnership Summit & Business Awards

Allianz Insurance Lanka Limited won the ‘Best Sustainable Insurance Company of the Year’ at the 2016 South Asian Partnership Summit & Business Awards presented by World HRD Congress and endorsed by the Asian Confederation of Businesses. 

Sampath Bank awarded ISO27001 certification for IT excellence

Sampath Bank was awarded the ISO27001 certification recently for adopting and implementing global standards and best practices to ensure the effectiveness, efficiency, confidentiality and integrity of its day-to-day IT operations. This certification further strengthens the confidence level of customers and regulators on quality of the Bank’s IT and IT security, as well as its ability to manage confidential data and IT assets

Sri Lanka-Netherland biz talks

Netherlands  Ambassador, Joane  Doornewaard met Development  Strategies and International Trade Minister Malik Samarawickrama  at  the  ministry  recently and  held  discussions  relating  to  economic  development and  investment  promotions  in  Sri Lanka  

What’s wrong with United States’ Southeast Asian allies?

The Philippines and Thailand are not acting like US treaty allies are supposed to. While the Philippines’ President Rodrigo Duterte seems somewhat of an outlier, his anti-Americanism is only the latest instalment of instability in the US–Philippines relationship. 

To boost growth: Employ more women

At his swearing-in ceremony last year, Prime Minister Justin Trudeau was asked why he had appointed a gender-balanced cabinet, a first for Canada (and for most countries around the world). He replied “Because it’s 2015.”

BCS President and Group CEO visit Sri Lanka

Ray Long – President of British Computer Society (BCS), The Chartered Institute for IT and Paul Fletcher – Group CEO of BCS, The Chartered Institute for IT, were recently in Colombo to attend the graduation ceremony. They took some time to talk to the media during their stay. They spoke about both their programmes and the community  work they do.

‘New normal’ making Chinese firms go global

This has been the year that Chinese companies have truly gone global. Collectively, they have announced more than US$ 170 billion of acquisitions abroad during the first nine months of 2016 – more than in any previous year. 

IPM’s Great HR Quiz 2016 now a regional event

IPM Sri Lanka – the nation’s leader in human resources management – has organised its popular corporate HR quiz programme ‘The Great HR Quiz 2016’ for the third consecutive year and will be held on Wednesday, November 16 at Hotel Galadari, Colombo, commencing at 3:00 p.m. 

NTB credit card promo winner walks away with fuel bowser

Since its inception, Nations Trust Bank (NTB) has been committed to delivering unparalleled products and services and recently announced Milroy Perera as the winner of the free fuel bowser giveaway, a unique and revolutionary programme which offers the bank’s American Express and MasterCard cardmembers a chance to win 13,200 litres of fuel.

Three all-time record prices at tea auction

Kenilworth estate situated in Ginigathhena has achieved an all time record price at the weekly tea auction of 19th October, by securing an attractive price of Rs.890 per kg for a BOP SP  grade in the Western Medium Grown category.

Unilever Sri Lanka’s ‘Gamata Api’ initiative empowers rural communities

‘Doing well by doing good’ is part and parcel of Unilever Sri Lanka’s everyday business approach. Bringing to life the company’s vision of making sustainable living a common place, under the pillar of enhancing livelihoods, the route to market Saubhagya channel was born. 

SIA receives sixth A350 – the 10,000th aircraft Airbus has delivered

Singapore Airlines has taken delivery of its sixth Airbus A350-900 – the 10,000th aircraft that Airbus  has delivered.

ComBank entertains customers and agents in Bahrain

High profile Sri Lankan expatriates living and working in Bahrain and business partners were hosted by the Commercial Bank of Ceylon to an evening of entertainment and dinner recently in Manama, the capital of the monarchy. 

Sri Lanka Telecom recruits outsourced employees

Sri Lanka Telecom (SLT), the country’s telecom giant, has recruited 121 outsourced employees attached to its Human Capital Solutions (HCS) subsidiary to the permanent cadre of SLT.  These employees have received the necessary qualifications under the Staff Recruitment and Promotions Scheme (SRPS) of SLT adhering to the recruitment process and policy of SLT. The appointment letters were presented to them at a special ceremony held at th

Fitch says challenging operating environment for small and mid-sized banks

A recent periodic review by Fitch Ratings forecasted challenging times ahead for the country’s small and mid-sized banks, largely stemming from capitalisation issues. 

CICT brings Colombo Port to world attention at TPM Asia Conference

The Port of Colombo received invaluable global visibility recently when a representative of Colombo International Container Terminals (CICT) was accorded the rare honour of making a presentation at the 2016 TPM Asia Conference in Shenzhen, China.

Siyapatha Finance opens new branch in Wellawatte

One of the leading finance companies in Sri Lanka, Siyapatha Finance PLC, celebrated the opening of a brand new branch in Wellawatte, on October 6th. This is the 24th branch in the long list of branches opened by Siyapatha Finance in the recent years.

‘People’s Bank Foreign Remittance Gold Fortune 2016’sees completion of 16th draw

Jeseema Begam from the People’s Bank Kantale Branch had recently received money from abroad which automatically entitled her to win the 16thdrawof People’s Bank Foreign Remittance 

“My Friend” Foundation organizes Children’s Day Event

Aligned with its commitment to uplift and empower underprivileged children, the ‘My Friend – “Inspiring Hope” Foundation organized an exclusive event to mark Children’s Day on 10th October. 

CDB together with SLACD launches childhood autism awareness campaign

Citizens Development Business Finance PLC (CDB) in collaboration with the Sri Lanka Association for Child Development launched an island wide Autism Awareness Campaign,

Selonica Nalawansa returns to Leo Burnett to lead Publicis Sri Lanka

Renowned advertising and management professional Selonica Nalawansa recently returned to Leo Burnett Sri Lanka to take up the leadership role at Publicis Solutions Sri Lanka

South Asia’s Leading E-Commerce Giant, Daraz, Set To Enter Sri Lanka

Daraz is the leading e-commerce platform in South Asia, with operations in Pakistan, Bangladesh and Myanmar. Daraz is a business-to-consumer marketplace for a wide range

Siyapatha Finance Opens a New Branch in Wellawatte

One of the leading financial companies in Sri Lanka, Siyapatha Finance PLC celebrated the opening of a brand new branch in Wellawatte, on the 6th of October 2016. 

Central Bank to the rescue

The Central Bank of Sri Lanka (CBSL) will dole out nearly Rs. 16.5 billion through cash and government securities for investors and depositors of four fraud-ridden finance companies starting from next year.

Hashim assures govt. will not privatise SLIC

During an official visit to the Sri Lanka Insurance Corporation (SLIC) yesterday, Public Enterprises 

CB likely to raise interest cap on finance company deposits

The Central Bank will soon raise the cap imposed on interest rates offered on deposits by finance companies as the current interest rate ceiling has become irrelevant in the rising interest rate 

Power generation mismatch in CEB’s plan raises eyebrows

In the backdrop of power cuts being announced this week, the Sri Lankan power regulator 

Pace Institute holds ‘Path to Your Real Success’ seminar

The seminar titled ‘Path to Your Real Success’ recently organised by the Pace Institute in